Skip to main content

Posts

Showing posts with the label oil provider

Left in the Cold

One for the Record Books This is past winter was one that was talked about at lengths, the mild start, the massive blizzards, frigged temperatures, and extreme market swings. What did that mean for you as a oil, propane, electric, and natural gas heating customer. Depending on where you fall, it meant a lot. Here in the Northeast we have one of highest percentage of home owners that heat primarily with oil heat, about 40%. This number has been dropping over the years as natural gas has been reaching more and more city and town streets. The price of oil had also been at unfriendly levels and climbing for years, without an help in sight. Until the floor dropped out of the oil market around November or so of 2014. Thanks to the increase price of the barrel the American Shale drillers were able to flood the market while OPEC stayed at their level of producing oil.  After years of the barrel being at, around, and above $100, it steadily dropped to $50-60 in ...